Xiaoyan Zhang

Chair Professor of Finance; Associate Dean, PBC School of Finance, Tsinghua University

Prof. ZHANG Xiaoyan is the Xinyuan Chair Professor of Finance and Associate Dean at PBC School of Finance, Tsinghua University. She is also the Deputy Director of Institute of Fintech Research at Tsinghua University, and the director of Wealth Management Research Center. Currently, Professor Zhang is also a member of Academic Committee of the People’s Bank of China, a senior fellow of the Asian Bureau of Finance and Economic Research (ABFER), and a senior financial expert of the Shanghai Stock Exchange. Professor Zhang served on the CSRC 17th Issuance Examination Committee, and currently serves on the World Economic Forum’s Global Future Council, China Global Economic Governance 50 Forum, and Expert Committee of National Internet Finance Association.

Prof. Zhang received her B.A. in Economics from Peking University in 1997, and Ph.D. in Finance (with honor) from Columbia Business School in 2002. Before joining Tsinghua University, Prof. Zhang worked at the Johnson School of Management of Cornell University as an Assistant Professor, and the Krannert School of Management of Purdue University as Duke Realty Chair Full Professor of Finance, and Finance Group Head. As an overseas high-level expert, Prof. Zhang joined Tsinghua University as Cheung Kong Scholar Chair Distinguished Professor in 2016.
Professor Zhang’s research interests include Chinese capital market, Fintech, empirical asset pricing, and international finance. Many of her works have been published in Journal of Finance, Journal of Financial Economics, Review of Financial Studies and other top tier academic journals, and she has won multiple best paper awards. Given her research excellence, Prof. Zhang is appointed as associate editor at Management Science, Journal of Financial and Quantitative Analysis, Journal of Banking and Finance, Journal of Empirical Finance, and Financial Management. Her team’s research on Chinese capital market and Carbon neutral financial markets receives multiple grants from the National Natural Sciences Foundation of China. With the support of the China Securities Regulatory Commission (CSRC) and the Shanghai Stock Exchange (SSE), Professor Zhang's research on Chinese capital market has significantly contributed to the protection and education of retail investors.

Professor Zhang enjoys teaching in investments, global capital market, financial derivatives, risk management and empirical asset pricing for undergraduate, Master of Finance, MBA, EMBA, PH.D. and executive programs. She received many teaching awards from Cornell, Purdue and Tsinghua University. In recognition of her significant contributions to teaching and research, Professor Zhang was named one of the “Global Top 40 under 40” business school professors.

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